Either you run the day or the day runs you."
–Jim Rohn
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Happy Tuesday Folks! Bitcoin is trading up at $43,542.71. Just one week ago Bitcoin was at $39,941.50 and today? Be careful who you listen to about the future projection of this asset. Let's get on with the news...
SUMMARY
Yesterday, we no one news article gained a lot of coverage but price and the impact of the ETFs was the majority of the news. Today, the race has heated up with Invesco and Galaxy slashing their fees.(3)
Could AI Agents become buyers of Crypto? Squeeze to $50K? Possibly. A bunch of Billionaires share crucial financial advice on Bitcoin; basically "Be smart. Be Safe. Stack Sats. HODL." Outflows of Crypto ETPs see $500M but the group of Nine enjoyed $1.8B inflow over the last 7 days. Meanwhile, BlackRock ETF now has 150K $BTC in its coffers. Samson Mow justifies his price call of $1M. Impatient Bitcoin HODLers realize losses by short term sell off as Whales scoop up more BTC.
Looks like Ethereum and Polkadot wallet has launched a multisig workflow solution. Could the SEC approve an $ETH ETF this May? Standard Chartered believes so.(3) However, remember TD Cowen said it could take until 2025 or 2026. Solana is up 9% in the past 24 hours and hits multi-year transaction volume high. Cardano up 6% in the past 24 hours. DOGE addresses grow by 1,000% in a week(2) as Mark Cuban says $DOGE is still accepted by the Mavericks.
Coinbase will charge fees if you are converting $75M or more from USDC to USD; I wished I had that problem.(2)
Rep. French Hill is optimistic about Crypto legislation in 2024.
Bitcoin Beautee settled with the SEC charges against them in the $1.7B Hyperfund Crypto pyramid scheme.(3) Abracadabra Finance was drained of around $6.4M in a security attack. DEA confiscates $150M in crypto from the Dark Web. In addition, German police seize $2.1B worth of $BTC in a piracy sting.(5)
